Category: Financial

By Mike Golembesky, ElliottWaveTrader.net Last week the XIV saw the largest price drop in over a year falling over 23% from the July 26th High. After bottoming on August 10th the XIV moved back higher stalling out just under the 61.8% retrace level in what counted best as a corrective move higher. Since topping on August 15th the XIV has...
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Market Drivers August 21, 2017More noise from NKUSDJPY back below 109.00Nikkei -0.40% Dax -0.47%Oil $48/bblGold $1287/oz.Europe and Asia:JPY All Industries 0.4% vs. 0.5%North America:No Data It’s been a very quiet open to the week in the FX market today with no economic data to drive trade and only a smattering of geo-political news to stoke some mild risk aversion flows...
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Market Drivers August 22, 2017UK PSNB bit betterZEW Sentiment soursNikkei -0.05% Dax 0.55%Oil $48/bblGold $1290/oz.Europe and Asia:GBP UK PSNB -0.76B vs. -0.2BEUR ZEW 10 vs. 15North America:CAD Retail Sales 8:30 The dollar showed first signs of life this week as the single currency rallied across the board in Asian and European trade rising against all of its major economic partners.USDJPY...
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As monetary policy chieftains gather in Jackson Hole, WY today for the annual Central Bank Symposium and new Initial Jobless Claims hit the tape, we also see a few more earnings results worthy of our attention in the Retail industry, and the good news is there’s good news: Tiffany’s ( TIF) , a household name synonymous with American wealth, posted...
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While futures are modestly down overall ahead of today’s opening bell – seemingly continuing a mini-bear market that has descended after weeks of new all-time highs within a much grander bull market – we see a few headline stories sending some stocks higher. These stories all deal with mergers and acquisitions (M&A), but only one of three managed to strike...
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By Avi Gilburt, ElliottWaveTrader.net Back on July 15th, the title to my weekend update to members of my market analysis service was “Market Will Likely Top Within The Next Three Weeks.” My initial target region for this top was between 2487-2500SPX. One of the factors I considered in my timing for this potential top was Luke Miller’s Bayesian Timing model, which...
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U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil prices as soon as next year… China. China has been building a strategic crude oil reserve for...
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We’re actually seeing pre-market indexes in the green at this hour today, in the latter third of a month that is on pace for the biggest monthly decline since October 2016. We are also within that seasonal period where trading volume is down while vacation days are being spent. And as we wrap up Q2 earnings season, we still have...
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By David Harden There are many catalysts that influence the stock market – the internal developments that take place within companies, worldwide events, inflation rates, interest rates, exchange rates and more. All of these factors affect the way stocks might rise and fall. In addition to the impact of these actions and changes, though, there is an emotional and psychological influence at work. While...
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Clinton: Clinton has been campaigning on reform and change with an emphasis on restoring the middle class. Wall Street excesses must be reigned in and only she can make this happen she says. With her experience in the White House and as Secretary of State in the Obama administration, she posits that she is the only candidate with the experience that...
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